Javon Gordon
Using 401k for investing
I have about $125k in my 401k from my job in which I do not plan on waiting until I'm 59 to withdraw or to retire. Is it a good idea to use some of that money to purchase some properties?
Abhishek Kapoor
How to get small loan under $40K.
I am planning to buy another Condo for around $60-70K. I have $30K as down payment. I have contacted US Bank locally and they declined to process loan for small amount. So I am resorting to gurus out here. What are...
Johnathan Norman
Doing business in multiple states (LLC question)
Here is the deal, over the course of the next year or two I plan to purchase multiple small apartment complexes across the US. My original plan was to keep it "simple" and have 1 LLC for X apartment complexes until i...
Account Closed
What type of loan do I use on 6 unit?
I have an option on (what I think is) a great property. Undervalued 6 unit complex in pretty good area with under-market rents. Currently NO VACANCY and being sold by licensed agent. List on it is $119,900 and annu...
Lien Vuong
High Yield Savings Account
I often get this question from clients who are saving for their down payment and other reserve accounts while they’re looking for the property. What do I do with the money in the meantime? Apart from putting it in a r...
Account Closed
Tax implications on selling my personal residence owner finance
My house I live in I bought almost two years ago. After the two year mark I can sell my property for cash without paying capital gains. However the way to get top dollar is to owner carry. How would that work as far ...
Cole Oliver
Credit Cards with the Best Benefits For Fix n Flips
Hello Everyone, I am interested to see what credit cards you all have used for your business that have the best perks/rewards. In my real estate business, I have been fix n flipping houses or using the BRRRR method. ...
Grant Cherrington
Investor liquidating rentail properies...
I have an investor who is liquidating several properties and based on the preliminary information I've received it seems he's asking retail for the properties. If I determine that he owns the properties free and c...
Hattie Dizmond
Reverse Mortgage Short Sale Help
OK...looking for some help from the BP geniuses.I know you can do a Short Sale on a reverse. I just have no experience AT ALL with short sales or reverse mortgages, and this situation is a little sticky.House has maj...
Chris Payne
Multi-Family Finance Options
Hi BP Family!I'd like to buy and hold a triplex or 4plex, but I'm unsure how I'll pay for it. My limited income won't allow me to get a FHA or conventional loan. I do have some cash; about 20% to 40% of my target purc...